Apple Cutting Orders for iPhone Parts

1/14/2013 10:11AM

Apple has cut its component orders for the iPhone 5 due to weaker-than-expected demand, people familiar with the situation said Monday, indicating sales haven't been as strong as previously anticipated. George Stahl reports. Photo: Bloomberg.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... the beest Nightline a feat that would help ... Apple continues to feel the shop lights of competition the irony is facing a fierce challenge from Android powered devices made by the likes of Samsung ... bought it at a couple of days ... I've been fine complainants by was fifty percent of what it planned ... to two weeks to mom's ... George Stahl is without ANZ's was technology I think he's he ... did tell us this was going on ... to a thank you so much joining us this morning so I ... think the council about fifty percent of the island and five component orders for the screens the I phone five as it has made them longer screens and and based on reporting EDD could about half of their words that they've cut their orders for other components to ... read ages signals a lack of demand for the I phone five which ... is a concern because the I phone is still the primary ... of profit and sales generator for ... Apple ... last week a story that was saying how light release that she doesn't off the ice and five ... I have any connection to what's up with the counseling these orders for Tumpel ... yet they continue ... with the problem or another we'll have all the facts found in so it's it's tough to make some some grain ... in conclusion stick to what we know ... but but one thing we do know is that the I phone five has had trouble overseas where the price is higher because the ... telephone companies their own subsidize the phone and say to us in the US ... I did did the wireless carriers will subsidize it won't bring the price down for the customers via the customers to pay full price for the phone ... and that has hurt sales of of the Occupy there with ... that of rival Android phones topic implied that slack my cousin in raising its like six hundred bucks a pop that will house one lesson and it has something ... on Apple's stock price which has been taken on the changes mean that I've been in it that ye it it's come back a little bit premarket but earlier this this in ... this morning he was below five point two would be the first time that the trades their way to requisition be the first time ... that it reads below five hundred river section ... since last February so there's a lot of ... concern heading into Apple's earnings which is coming next one CJ President Pang bagpipes looking I saw I laughed ... so what if the applicant a domain besides canceling orders the high fives potentially ... added saying it's like she doesn't ... think it takes a stock that he was in his home state ... it's not good news as they say the I Phones has sought the revenue China is that of the cells been hit with a liking to even ... one antiquity do just re build enthusiasm momentum in the next I phone part-time possessions and still very important product Apple and right now the last little man on the that the changes that we've seen the last couple pipelines have been tested more evolutionary than revolutionary and so they've lost a look that the remote to sell ... they do we also saw last week thinking who have pits Apple because I cant that I was yet ousted its site yet ... so so that there there's a little bit concerned that ... has has Apple lost a little bit ... of its cachet in the market and with consumers and debt with the need to get back